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USDJPY- TREND ANALYSIS- OCT 16-20

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Dolar A.S. / Yen Jepun (OANDA:USDJPY)  
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OANDA:USDJPY   Dolar A.S. / Yen Jepun
Trend Analysis Chart Patterns Supply and Demand USDJPY Forex pips analysis trader Supply Zone Demand Zone trend awesome
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trendanalysis chartpattern supplyanddemand usdjpy forex pips analysis trader supplyzone demandzone trend awesome
Last week we saw USDJPY move to the downside on dollar weakness provided by NFP the previous week. The momentum was not so strong but it did start to make a bearish market structure as it approaches a major support zone around 111.250. This is also the first downside target for this coming week.

This week with the inverse correlation with gold's bullish momentum we can expect USDJPY to do the opposite and break towards our target. The 111 area is interesting as I would consider a nice break of this level to start a possible down trend in UJ to follow what Gold has started last week.
Pesanan dibatalkan:
Never got to the demand zone... bullish momentum took over

Idea Berkaitan

nick.trader4
XAUUSD (GOLD)- Oct 16-20
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